FuelCell Energy Expands into Asia with POSCO Energy Deal

FuelCell Energy, Inc.

today announced the execution of a series of strategic initiatives with its South Korean partner, POSCO Energy, to expand the market for stationary fuel cell power plants in Asia, including a license agreement for POSCO Energy to manufacture Direct FuelCell® (DFC®) power plants in South Korea and sell throughout Asia. POSCO Energy is Korea's largest independent power producer and is a subsidiary of POSCO, a leading global steel producer.